In anticipation of increases in El premiums (payroll taxes) due to the pandemic the Canadian Federation for Independent Business (CFIB), an association that represents small business owners, released a report last year indicating that "business owners are worried that funding any new programs, or making the El system more generous, will add significant costs in the form of El premium increases, especially as they continue to pay 1.4 times the employee rate." The report indicates that eighty-four per cent of small business owners want to see El premiums split 50 : 50 between employers and employees. Comment on the CFIB's concerns in this regard. Are the CFIB's con- cerns justified? Will a move to split El premiums 50: 50 help small business owners? What considerations are relevant in this regard?

In anticipation of increases in El premiums (payroll taxes) due to the pandemic the Canadian Federation for Independent Business (CFIB), an association that represents small business owners, released a report last year indicating that "business owners are worried that funding any new programs, or making the El system more generous, will add significant costs in the form of El premium increases, especially as they continue to pay 1.4 times the employee rate." The report indicates that eighty-four per cent of small business owners want to see El premiums split 50 : 50 between employers and employees. Comment on the CFIB's concerns in this regard. Are the CFIB's con- cerns justified? Will a move to split El premiums 50: 50 help small business owners? What considerations are relevant in this regard?

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter11: Linear Optimization Models

Section: Chapter Questions

Problem 11P: The employee credit union at State University is planning the allocation of funds for the coming...

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